SEOUL, Jan. 9 (Korea Bizwire) — U.S.-based chemical firm Dupont on Thursday announced its plan to invest US$28 million in South Korea to build a production line for photoresist, which can potentially help Asia’s No. 4 economy reduce its dependence of the key industrial material on Japan amid their trade spat. Under the project, Rohm [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Thursday it will invest more than 100 trillion won (US$87 billion) in the next five years to increase its presence in the future mobility markets. “We are planning to launch 44 electrified vehicles, including 11 all-electric models, by 2025, as we aim to [...]
SEOUL, Dec. 30 (Korea Bizwire) — Industries including tobacco, beer and sugar that have been monopolizing the market for decades are very stingy with investments such as research and development (R&D), due to lack of pressure from foreign countries to compete due to high concentration in the domestic market. According to the results of the [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s science ministry said Sunday it will allocate 26.9 billion won (US$23.2 million) in 2020 to further expand the country’s innovative drone capabilities. Of the total, 13 billion won will be used to secure original technologies, with 6.7 billion won to go drones that make use of 5G [...]
SEOUL, Dec. 20 (Korea Bizwire) — Chinese telecommunications behemoth Huawei Technologies Co. on Friday vowed to beef up its business in South Korea by increasing the purchase of parts for its network equipment and smartphones amid continued U.S. sanctions. Karl Song Kai, head of Huawei’s global media and communications, said Huawei also plans to increase [...]
VANCOUVER, British Columbia, Dec. 16 (Korea Bizwire) — General Fusion announced that it has successfully closed USD$65 million of Series E equity financing. The financing was led by Temasek, a global investment company headquartered in Singapore. This USD$65 million of new financing, together with the release of CAD$50 million in additional investment from Canada’s Strategic [...]
SEOUL, Dec. 13 (Korea Bizwire) — Samsung Electronics Co. will invest an additional US$8 billion into its memory chip plant in Xian, China, officials confirmed Thursday, as the South Korean tech giant further expands its presence in the world’s second largest economy. According to Chinese media and Xian’s municipal government, Kang Bong-yong, a Samsung Electronics [...]
SEOUL, Dec. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Wednesday it will invest 61 trillion won (US$51 billion) in its core automobile and future mobility businesses by 2025. The decision is designed to enhance the competitiveness of its existing car manufacturing business and generate new business opportunities by [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s social responsibility investment (SRI) market is growing rapidly due to interest in investments that place importance on the environment, social responsibility, and governance (ESG). Asset management firms have steadily introduced related funds this year as SRI has grown in importance and the market is expected to expand [...]
SEOUL/ULSAN, Nov. 26 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Tuesday it will build a US$1.55-billion plant in Indonesia by 2021 to tap deeper in the Southeast Asian markets dominated by Japanese rivals. The investment decision comes as Hyundai Motor is working to explore new markets and secure a new growth driver [...]